Koch Brothers Admit They're Interested in Buying Sun Sentinel

Categories: Politics

Thumbnail image for FTF_KochLATimes1.jpg
After months of hot and sweaty speculation, we''re finally getting some answers out of the Koch Brothers about their interest in the media game.

This week in the Wall Street Journal, the Tea Party plutocrats indicated they are in fact interested in purchasing the Tribune Co., a portfolio of newspapers that includes the Sun Sentinel. Now, being savvy business suits, the Kochs didn't exactly openly admit they were trying to get into the dead tree business, but they sure did tease us.

See also:
- Koch Brothers Interested in Buying Sun Sentinel; Five Other Billionaires Who Could Scoop Up the Paper

"If we got in the media, it would need to stand on its own and have good economics, create real value for the marketplace, or we wouldn't be interested," Charles Koch told the Journal.

The Kochs also released a similar hint on their web site, this time denying they would turn the Sentinel and other Tribune papers into their personal Etch A Sketches for libertarian rants.

"If we were to get involved in the media business, or more specifically in the newspaper business, out focus would not be to have a newspaper as a vehicle for what's in our business interest or even our philosophical interest," Charles Koch said in a statement. "We would have the best chance to succeed by, as we do with our other business, understanding what our customers value."

Obviously, the idea of Koch-owned media hasn't sat well with some people. Protests have broken out across the country. The Sun Sentinel has seen two such demonstrations. The latest one happened last week, with about 20 people stomping in the rain outside the paper's Fort Lauderdale HQ. Here's a video.

From their online perch, the Koch bros also addressed such public displays. They're not fans.

"In America, protesters have a right to protest; however we haven't been intimidated by past politically motivated attacks, and we won't be intimidated by these protests. The demonstrations carry no weight and have no influence on investment decisions we make."

See also:
- Koch Brothers Should Stay Away From Sun Sentinel, Say 619 Locals and Counting in Online Petition
- Koch Brothers' Tribune Co. Sale: Activists Protest in the Streets

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.


My Voice Nation Help
2 comments
frankd4
frankd4 topcommenter

these guys are so rich they could buy all of FT LAUDERDALE so a newspaper is no big deal to them

frankd4
frankd4 topcommenter

i think this shows how desperate uber-wealth dudes are with the GOP and want to take things into their own hands

consider what these same guys paid INTO GOP PACs during the last elections and how little they actually got in return - plus all the HACKs in the party machinery that paid themselves huge compensation and were treated to wildly abusive expense accounts

at least with the newpaper they get a tangible hard asset they can use eventhough they may in fact have to fund operating losses going forward - it certainly beats giving KARL ROVE and his henchmen any more millions = period

Now Trending

Miami Concert Tickets

From the Vault

 

Services

Loading...